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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: It needs some explanations -- see the 2008/9 statements
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Feb 26, 2011 09:52AM
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Feb 26, 2011 10:11AM

"sold equipment 2 years ago."

"??????????"

How often does it need an explanation?

The company disclosed equipment sales for about $6 million in 2008 and $12.4 million in 2009 (with an additional $3 million or so that was to be sold soon after).

The sales included only non-essential generic equipment and were fully disclosed at the times of sale. Take a look at the 3rd quarter 2008 and 2009 annual statements.

I believe that it was CJR who posted lists of the remaining equipment at the time of the 2009 disclosure.

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